Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: KS Cleaning on April 10, 2012, 07:25:40 pm

Title: Bank Charges
Post by: KS Cleaning on April 10, 2012, 07:25:40 pm

In the next month or two I am going to cut down on collecting and push more for internet faster payment,BACS,cheques etc.I went into my bank(RBS)today and receptionist was fine about me opening up a new current account to recieve these payments, which would then be transferred in to my business account in one transaction at the end of the month.Got a phone call an hour later from the receptionist saying the business manager won't allow this.There is nothing illegal about it, they obviously just want to make a bit of money out of me which is understandable, but in the long run I am hoping around a third of my customers will pay using these methods so I calculate 400 customers at an average of 35p would mean charges of £140 :o :'(As a result of this I am gonna look elsewhere,I think free business banking is mainly open to new businesses?How does my charges compare to others on here as I feel my bank are quite expensive?

BACS=35p
Standing orders=45p
Internet faster payment=35p
Cheques=28p
Manual credits=61p
Cash=67p per £100

Title: Re: Bank Charges
Post by: Dave. on April 10, 2012, 07:28:55 pm

Hi KS
Have a look at Lloyds business banking - they do a tarrif which is free for online transfers - you pay a £5 standing charge each month then only pay for cheques and cash transactions - you'd get 12 months free to start - maybe 18 if you've already got any lloyds accounts

Dave

Title: Re: Bank Charges
Post by: Blue Frog Systems on April 10, 2012, 07:44:42 pm

Lloyds

Debit Card Transactions -            40p

Credits Paid In -                         70p

Internet / phonebank credits -      15p

Faster Payment -                        20p

Cheques In -                              28p

Cash In -                                   57p / per 100

Account Maintainence Fee            £5.00

Title: Re: Bank Charges
Post by: bad trippy on April 10, 2012, 08:30:55 pm

Santander £7.50 per month
Unlimted bacs
Unlimited cheques
Free £1,000 per month paid in by cash
As the jocks say, canea whack it!

Title: Re: Bank Charges
Post by: bad trippy on April 10, 2012, 08:32:04 pm

Forgot to mention free standing order arrangements

Title: Re: Bank Charges
Post by: Dave. on April 10, 2012, 08:40:29 pm

Quote from: Blue Frog Systems on April 10, 2012, 07:44:42 pm

Lloyds

Debit Card Transactions -            40p

Credits Paid In -                         70p

Internet / phonebank credits -      15p

Faster Payment -                        20p

Cheques In -                              28p

Cash In -                                   57p / per 100

Account Maintainence Fee            £5.00

Lloyds Electronic Tarriff

Cheque 65p
Direct Debit Free
Standing Order Free
Transfer (transfer to another account in your name with the sort code starting 30-xx-xx) Free
Debit card transaction (excluding ATM) Free
UK Cash machine withdrawals  Free
Other debit 65p
Internet banking Free
Faster payments outbound - via Lloydslink* Free
Bulk Payment - per item Free
Bulk Payment - batch direct debit Free
PhoneBank® Free

Not as good as Santander, but my nearest branch is 15+ miles away

Title: Re: Bank Charges
Post by: Londoner on April 10, 2012, 09:32:30 pm

That doesn't matter with Santandar because you post them the cheques

Title: Re: Bank Charges
Post by: Dave. on April 10, 2012, 09:46:21 pm

That was the plan when I opened the Santander account Vince - I just don't fancy putting a load of cheques in the post - I'm hoping they will open a branch nearer

Title: Re: Bank Charges
Post by: KS Cleaning on April 10, 2012, 09:59:53 pm

It will be destination Santander & Lloyds tomorrow then,they are both on ma High Street,thanks for the replies folks ;)